U.S. trade deficit surges to record high of nearly $950 billion
The U.S. trade deficit rose in 2022 to the largest-ever recorded gap of $948.1 billion as American consumers continue to depend heavily on imports to meet demand, according to data released Tuesday by the Commerce Department.
Federal deficit to pass $3 trillion for second year, economic growth higher than expected
After a year of immense spending during the COVID-19 pandemic and ensuing economic downturn, the federal deficit is projected to hit $3 trillion for the second year in a row, according to the Congressional Budget Office.
US: ‘Russia, Iran Have Full-Fledged Defense Partnership’
The U.S. warns that Russia and Iran’s relationship has turned into a “full-fledged” defense partnership adding to concerns their cooperation will lead to more bloodshed in Ukraine and elsewhere, including Israel.
US Trade Deficit Widens in October on Weak Exports
The U.S. trade deficit widened sharply in October as slowing global demand and a strong dollar weighed on exports.
US Deficit Soars Thanks to Biden’s Student Debt Forgiveness
The monthly federal budget deficit was up 562 percent from September of last year, according to Treasury Department figures released Friday, mainly due to President Joe Biden’s student debt forgiveness plan.
Biden’s Student Loan Forgiveness Plan Might Cost Up to $1 Trillion
President Joe Biden’s plan to erase student debt and modify payments for millions of Americans could cost as much as $1 trillion, according to budget analysts.
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